KOSPI Recovers to 2415 as Individual 'Saja' Reduces Decline

[Asia Economy Reporter Kwon Jaehee] The KOSPI index slightly reduced its losses in the afternoon session.

As of 1:40 PM, the KOSPI index stood at 2415.64, down 0.91% (22.22 points) from the previous trading day. The index opened at 2425.05, down 0.53% (12.81 points) from the previous day, and had recorded a loss of over 1% during the session.

By investor type, foreigners and institutions sold stocks worth 139.5 billion KRW and 219.2 billion KRW respectively. Meanwhile, individual investors alone purchased stocks worth 336 billion KRW.

Among the top 10 KOSPI market capitalization stocks, Samsung Electronics (-1.48%), LG Energy Solution (-1.05%), Samsung Biologics (-1.55%), SK Hynix (-1.76%), Samsung Electronics Preferred (-1.26%), and NAVER (-1.35%) recorded declines, while LG Chem (0.42%), Samsung SDI (0.55%), Hyundai Motor (1.20%), and Kia (0.15%) showed gains.

At the same time, the KOSDAQ index was trading at 722.17, down 0.52% (43.20 points) from the previous day. The KOSDAQ opened at 731.81, down 0.24% (1.75 points), dropped nearly 2% during the morning session, but then recovered.

By investor type, individual investors again were net buyers with purchases worth 193.1 billion KRW, while foreigners and institutions sold stocks worth 105.4 billion KRW and 80.3 billion KRW respectively.

Among the top 10 KOSDAQ market capitalization stocks, all except L&F (0.98%) and EcoPro (1.08%) were in decline. These include EcoPro BM (-1.76%), Celltrion Healthcare (-0.62%), HLB (-5.79%), Kakao Games (-2.68%), Pearl Abyss (-1.93%), L&F (-1.04%), Celltrion Pharm (-1.81%), and Chunbo (-0.69%).